International Ferro Metals Limited Rating Reiterated by Numis Securities Ltd (IFL)
International Ferro Metals Limited (LON:IFL)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a report released on Wednesday. They currently have a GBX 30 ($0.50) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 223.28% from the stock’s previous close.
International Ferro Metals Limited (LON:IFL) traded up 0.54% during mid-day trading on Wednesday, hitting GBX 9.33. 77,868 shares of the company’s stock traded hands. International Ferro Metals Limited has a 52 week low of GBX 8.25 and a 52 week high of GBX 13.00. The stock’s 50-day moving average is GBX 9.77 and its 200-day moving average is GBX 10.56. The company’s market cap is £51.7 million.
A number of other analysts have also recently weighed in on IFL. Analysts at FinnCap reiterated a “buy” rating on shares of International Ferro Metals Limited in a research note on Wednesday. They now have a GBX 42 ($0.71) price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of International Ferro Metals Limited in a research note on Friday, May 16th. They now have a GBX 15 ($0.25) price target on the stock.
International Ferro Metals Limited (LON:IFL) is an integrated ferrochrome producer.
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